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UPDATE 2-UK watchdog orders shake up of advisers to pension trustees [Reuters (UK)]

Willis Towers Watson Public Limited Company - Ordinary Shares (WLTW) 
Last willis towers watson public limited company - ordinary shares earnings: 4/30 06:01 am Check Earnings Report
US:NASDAQ Investor Relations: investors.willistowerswatson.com
Company Research Source: Reuters
UPDATE 2-UK watchdog orders shake up of advisers to pension trustees | Reuters 3 Min Read * Competition ‘poor’ among investment advisers * Watchdog seeks change in behaviour, not market structure * Changes legally binding late 2019, following consultation (Adds more detail, reaction from Willis Towers Watson and Mercer, bullet points) By Huw Jones and Simon Jessop LONDON, Dec 12 (Reuters) - Poor competition in the market for advice to pension fund trustees has resulted in “substantial customer detriment”, Britain’s competition watchdog said on Wednesday. UK pension schemes have total assets of 1.6 trillion pounds ($2.0 trillion), and the Competition and Markets Authority (CMA) made site visits to the three major advisers: Aon, Mercer, and Willis Towers Watson. Pension scheme are required by law to seek advice before investing, and the CMA found that half of them buy fiduciary management from the investment consultants they already hire. The CMA said it found many pension trustees may Show less Read more
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